Author name: Varsha Verma

Problem of unemployment creates many social and economic adverse effects on the economy. (See flow chart in Fig 7.1). Fig. 7.1 Adverse Effects of Unemployment Economic Effects: (i) Loss of Human Resource: (ii) Loss of Output: (iii) Low Capital Formation: (iv) Low Productivity: Social Effects: (i) Rise in Poverty: (ii) More Income Inequality: (iii) Low […]

Concept of Unemployment and Unemployed: Unemployment happens when people who want to work can’t find a job to earn a living. According to the NSSO, unemployment includes those who are actively looking for work but can’t find any through various channels. Types of Unemployment: Types of Unemployment in India: Measurement of Unemployment: Unemployment data comes